Category: US Motoring Press

Nio, BYD and other Chinese EV stocks fell sharply amid sell-off

Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio U.S.-traded shares of Chinese electric vehicle makers were among those hit by a dramatic sell-off Monday, as investors soured on non-state-run Chinese companies following a weekend of dramatic political developments in China. Shares of Li Auto ended the… Continue reading Nio, BYD and other Chinese EV stocks fell sharply amid sell-off

Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla

Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022. China News Service | China News Service | Getty Images Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off… Continue reading Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla

Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China

Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Tesla shares slipped as much as 7% Monday morning after the company cut the price of some of its cars in China. They were down more… Continue reading Tesla shares closed down 1% after Elon Musk’s EV firm cuts price of cars in China

Yellen tempers expectations for EV tax-credit tweaks

Treasury Secretary Janet Yellen is throwing cold water on expectations that the agency will provide relief to foreign automakers lobbying against stringent limits on a popular electric-vehicle tax credit. “I’ve heard a lot about the concerns of the Koreans and Europeans about those rules, and we’ll certainly take them into account,” but “the legislation is… Continue reading Yellen tempers expectations for EV tax-credit tweaks

Maserati Grancabrio due next year as first electric drop-top GT

Maserati is primed to bring back the Grancabrio name next year for a convertible version of the reborn Granturismo.  The revitalised Maserati Grancabrio will feature nearly identical technical specifications across the board, said Maserati. That means a choice of two V6 options (with 489bhp and 550bhp) and a Folgore-badged EV with 745bhp. When the Folgore variant lands, making the… Continue reading Maserati Grancabrio due next year as first electric drop-top GT

Aiways U6 to arrive in Europe as £34,000 VW ID 5 rival

Aiways has confirmed it will begin sales of its new U6 in selected European markets in December at a price tipped to start at around €39,000 (£34,000), ahead of planned deliveries of left-hand-drive models during the first half of 2023. Initially previewed in concept form at the Chengdu motor show in 2020, the U6 is… Continue reading Aiways U6 to arrive in Europe as £34,000 VW ID 5 rival

CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST

CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST Causis E-Mobility- a part of London headquartered CAUSIS Group is into manufacturing and supplying of electric vehicles and the associated infrastructure of chargers and related green technology applications is in advanced stages of raising Rs 1400 crore funding for… Continue reading CAUSIS E-Mobility in final stages of Rs 1,400 crore fundraising for supply of 700 e-double decker buses to BEST

Hyundai Motor India enters General Insurance market

In a bid to grab a larger pie of the overall value chain of vehicle acquisition, Hyundai Motor India in FY22 ventured into the “Insurance” segment through Hyundai India Insurance Broking Private Limited. The new company has obtained registration with Insurance Regulatory Development Authority or (IRDAI) as a Direct Broker — General, Hyundai Motor said… Continue reading Hyundai Motor India enters General Insurance market

Greatest road tests ever: Subaru SVX

Tested 5.8.92 New from the ground up, the SVX was designed by Giorgetto Giugiaro and featured a wraparound-effect glassline. The six-pot boxer (Subaru’s first) had four overhead camshafts and drove all four wheels. Despite several composite body panels, the car weighed 1614kg, so performance was only respectable, although the throttle response was good and the… Continue reading Greatest road tests ever: Subaru SVX